Raw Tobacco in   Philippines

Overview In June 2024 Philippines' Raw Tobacco exports accounted up to $5.93M and imports accounted up to $16.1M, resulting in a negative trade balance of $10.2M. Between June 2023 and June 2024 the exports of Philippines'   Raw Tobacco have increased by $2.53M (74.6%) from $3.39M to $5.93M, while imports decreased by $-9.33M (-36.7%) from $25.4M to $16.1M.

Destinations In June 2024, Raw Tobacco were exported mostly to Belgium ($1.45M), South Korea ($1.25M), Indonesia ($1.17M), Thailand ($1.04M), and Chinese Taipei ($301k), and were imported mostly from Brazil ($8.35M), India ($2.05M), United States ($1.76M), Malawi ($1.39M), and Tanzania ($804k).

Growth In June 2024, the increase in Raw Tobacco's year-by-year exports was explained primarily by an increase in exports to South Korea ($2.93M or 454%) and United States ($566k or 214%). In June 2024, the decrease in Raw Tobacco's year-by-year imports was explained primarily by a decrease in imports from Zimbabwe ($-840k or -92.2%), Bangladesh ($-733k or -76.6%), and Thailand ($-235k or -60.6%).